MPS Loria Financial Planners LLC Buys Shares of 19,536 Chevron Corporation (CVX)

MPS Loria Financial Planners LLC bought a new stake in shares of Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,536 shares of the oil and gas company’s stock, valued at approximately $2,121,000. Chevron comprises approximately 1.4% of MPS Loria Financial Planners LLC’s investment portfolio, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Everett Harris & Co. CA grew its position in Chevron by 0.4% in the 1st quarter. Everett Harris & Co. CA now owns 291,943 shares of the oil and gas company’s stock valued at $31,346,000 after acquiring an additional 1,142 shares during the last quarter. Paragon Capital Management Ltd bought a new position in Chevron in the 1st quarter valued at $1,459,000. Nikko Asset Management Americas Inc. grew its position in Chevron by 7.9% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 239,730 shares of the oil and gas company’s stock valued at $25,740,000 after acquiring an additional 17,600 shares during the last quarter. BTC Capital Management Inc. grew its position in Chevron by 0.6% in the 1st quarter. BTC Capital Management Inc. now owns 89,852 shares of the oil and gas company’s stock valued at $9,647,000 after acquiring an additional 574 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in Chevron by 15.6% in the 1st quarter. Hennessy Advisors Inc. now owns 106,975 shares of the oil and gas company’s stock valued at $11,486,000 after acquiring an additional 14,425 shares during the last quarter. 63.93% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Corporation (NYSE:CVX) opened at $119.73 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The stock has a market capitalization of $227,412.06, a price-to-earnings ratio of 33.54, a PEG ratio of 3.95 and a beta of 1.21. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $122.30.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. research analysts forecast that Chevron Corporation will post 4.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, November 16th. Chevron’s dividend payout ratio (DPR) is currently 125.95%.

Several equities analysts have commented on the company. Credit Suisse Group assumed coverage on Chevron in a research report on Monday, December 11th. They issued a “neutral” rating and a $123.00 price objective on the stock. BMO Capital Markets downgraded Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price objective on the stock. in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale downgraded Chevron from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $130.00 in a research report on Wednesday, October 18th. Morgan Stanley upped their price objective on Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $124.92 price objective on the stock. in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $121.22.

In related news, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares in the company, valued at approximately $145,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total value of $13,472,443.53. Following the sale, the chief financial officer now owns 39,506 shares of the company’s stock, valued at $4,554,646.74. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

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About Chevron

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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